PetroChina Xinjiang to boost oil storage by 60 pct

PetroChina’s Xinjiang Oilfield Corporation has started an expansion that would boost its crude oil storage capacity by 60 percent by August 2010, a newspaper run by parent CNPC reported on Monday.

The Xinjiang unit will add 450,000 cubic metres of crude oil tanks to its Wangjiagou oil storage facility in two years, with three tanks with 50,000 cubic metres of storage capacity each set to be ready for use by October 30 this year, the China Petroleum Daily said.
Reuters